- In Ukraine, over $500,000 worth of cryptocurrency donations were collected through the innovative Whitepay service in 2023.
- According to representatives of the Whitepay company, this marks a significant milestone in the evolution of charitable contributions.
- They emphasized the numerous advantages of cryptocurrency transactions, including low fees, anonymity, and efficiency, when it comes to supporting worthy causes.
In Ukraine, the Whitepay solution proved to be instrumental in raising more than $500,000 worth of USDT for charity in 2023. This information was shared by industry experts specializing in providing crypto-acquiring services for businesses, during a conversation with Incrypted.
Whitepay further highlighted the growing popularity of using cryptocurrencies to support individuals facing challenging circumstances in Ukraine.
The platform’s representatives emphasized the transformative power of blockchain technology in facilitating charitable contributions, eliminating unnecessary intermediaries and geographical boundaries. They also highlighted the advantages of cryptocurrency transactions, such as minimal fees, privacy, and speed. These benefits enable organizations to respond swiftly and effectively to humanitarian crises, as noted by Whitepay.
“We express our gratitude to our partners for their unwavering support of our initiatives and their willingness to embrace cutting-edge technologies that hold the potential to make the world a better place. Raising 18.5 million hryvnia for charitable causes is a remarkable achievement. It gives me immense satisfaction to see that crypto owners share the values that define our company,” said Gleb Udovichenko, CEO of Whitepay.
Whitepay is a leading SaaS company that offers comprehensive cryptocurrency solutions for businesses and charities. Their range of services includes crypto acquiring, POS terminals, and payment pages. The platform supports over 140 digital assets, accepts transactions from any wallet, and does not charge any commissions to users of the WhiteBIT exchange.